Loan to Buy Blimpie Franchise Issued By Renasant Bank

Need a loan to buy a Blimpie franchise? Renasant Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Decatur, Alabama needed money to invest in a Blimpie franchise back in 2001. Renasant Bank issued an SBA franchise loan. Here are the details on this Alabama small business loan.

SBA Loan Borrower

BLIMPIE'S OF DECATUR & SMOOTHI
DECATUR, AL 35603

SBA Loan Lender

RENASANT BANK
1830 MOADUS RD SOUTHWEST
DECATUR, AL 35603

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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